sevieceYiwu Market2018-10-15 62 ViewComments Off on Four Things You Need to Know About Yiwu Wholesale Market

6.1 Are All the Booths Opened by Manufacturers?

Most booths are owned by individual businesses, while others are owned by trading companies and they’ve got lots of factories that supply them on a long-term basis. If you do not want to buy in large quantities, in some cases, you may get better prices from them than when buying from the factory.

There are some booths owned by factories. These are mainly based in Yiwu and nearby cities. Others are based in Fujian, Guangdong, and other provinces. The scales of these factories range between 10 and 1, 000 staffs.

If it’s your first time visiting Yiwu, or you do not have much information and experience on import, you will find it challenging trying to distinguish whether these are individual businesses, small workshops, or large-scale factories. Even though most booths claim to be manufacturers, you shouldn’t trust them at all.

6.2 Are Yiwu Products of Poor Quality as Alleged?

Some commentators on the internet allege that all Yiwu products are of poor quality, thus they cannot be exported to the United States. This is not true because of the following reasons:

Yiwu product does not mean “Made in Yiwu”. As mentioned earlier, Chinese products have industrial areas where they are manufactured from. Many products sold in Yiwu are made in other leading production areas and they are just availed in Yiwu for sale.

One of the top 3 exporting countries from Yiwu is the U.S. Many high-quality products are exported from China to the U.S every year. Yiwu also has some budget products which target developing countries, but it’s not true to say that all Yiwu products are not of good quality.

For example, most Christmas products are produced in Yiwu, but you will also find suppliers in places like Shenzhen and other areas. However, the Shenzen supplier may play a dirty trick by not telling you that the products were manufactured in Yiwu, or even he/she may claim that what they sell is better than that made in Yiwu.

Many articles on the internet are saying that Yiwu market is only suitable for small businesses, and Shenzhen or other big cities are better for big orders. But the truth is that you won’t find a market with an MOQ that’s higher than that of the markets in Yiwu.

For those individuals who want to buy one item from $1000 or more to 2-3 containers, this is the best place to source them. It’s quite difficult to persuade the booth to sell one or two cartons for one item, as this quantity is very less than their MOQ.

Usually, every product in any market needs lead time. However, some of them tend to have spot goods so that you can purchase in small quantities. But there are two conditions which you should consider before buying spot goods.

Spot goods cannot be changed. All the colors, logos, and styles, as well as packaging, remain the same as the samples that you see in the booth. If you want customized products, you will have to buy in large quantities. Because spot goods are already manufactured, their standard or design is not current, thus they are not suitable for fashion products.

6.4 How Does Yiwu Differ from Ningbo, Shenzhen, and Guangzhou?

Ningbo, Shenzhen, and Guangzhou are all big coastal cities in China and have ports, which is a factor that gives them many advantages of export. This is also the reason why most large international companies have set up their procurement or branch offices in these cities. Also, there are various professional trading companies which offer better services.

Yiwu does not have a port and relies on the Ningbo port, which is 200km away. Meanwhile, Yiwu supplies many goods to Ningbo, Shenzhen, and Guangzhou.

You can’t find any other place like Yiwu wholesale market that collects so many products from Ningbo, Shenzhen, and Guangzhou.

Ningbo doesn’t have any market and its advantage is the port only. On the other hand, Shenzhen only has a market for electronic products, while Guangzhou is a popular market for jewelry, clothing, and related items. And these markets are in different places and sourcing from them is not easy. It is only during Canton Fair when suppliers congregate at one place in China.